$1,765,000
SOLD NOV 6, 2024

1316 Amethyst St Redondo Beach, CA 90277

8 Beds
7 Baths
4,186 Sq Ft
5,608 Sq Ft Lot

Recently Sold

$422 Per Sq Ft

20% Below List Price

195 Days on Market

Highlights

  • No HOA
  • Built-In Features
  • 4 Car Garage
  • Beryl Heights Elementary School Rated A+
  • Laundry Room
  • 1-minute walk to Dominguez Park

About This Home

As of November 2024

Great potential for this fourplex located at 1316 Amethyst St. This prime income producing property is located just East of the Redondo Beach Harbor. Walking distance to shops & restaurants. One 4BR-2Bath unit, Two 2BR-1.5bath units and One 1BR-1Bath unit. All electric with separate meters, common on-site laundry & 4 One car garages. Possible ADU opportunity.

Buyer to cooperate with Seller's 1031.

This listing can be sold with 1302 Amethyst PW23221549

Last Agent to Sell the Property

Steve Warshauer

Coldwell Banker Commercial Brokerage Phone: 562-397-9520 License #00499477 Listed on: 12/06/2023

Coldwell Banker Commercial

Co-Listed By

George Bustamante

Coldwell Banker Commercial Brokerage Phone: 562-397-9520 License #01484265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,004

Year Built

  • Built in 1963

Lot Details

  • 5,608 Sq Ft Lot
  • Lot Dimensions are 40 x 140
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,186 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Kitchen

  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Radiant Heating System
  • 220 Volts in Kitchen
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 9 / 17
  • Tax Tract Number 10019
  • Assessor Parcel Number 7502015036
  • $1,138 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Dog Park

Building Details

  • 3 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $2,300
  • Trash Expense $900
  • Water Sewer Expense $1,750
  • New Taxes Expense $25,200
  • Operating Expense $31,950
  • Gross Income $106,500
  • Net Operating Income $71,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,004

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 3.25
  • Price Per Unit: 548750
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1750.00
  • Zoning: RBRMD
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7502015036
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 421.64

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Not Available, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Electric Water Heater, Disposal
  • Electric: 220 Volts in Kitchen, Standard
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40 x 140
  • Lot Size Sq Ft: 5608.00
  • Lot Size Acres: 0.1287

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 106500.00
  • Gross Multiplier: 20.61
  • Gross Operating Income: 103305.00
  • Gross Scheduled Income: 106500.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 5608.0000 Square Feet
  • Net Operating Income: 71355.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 31950.00
  • Rent Control: Yes
  • Total Actual Rent: 5975.00
  • Total Expenses: 31950.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25200.00
  • Tax Block: 17
  • Tax Census Tract: 6212.01
  • Tax Lot: 9
  • Tax Tract Number: 10019
  • TaxOtherAnnualAssessmentAmount: 1138.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Oct 22, 2024
Sold by
Watson Brothers Properties Llc
Bought by
Juko Building Co Ltd
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
List Price
$2,195,000
Sold Price
$1,765,000
Premium/Discount to List
-$430,000
-19.59%
Views
71
Current Estimated Value
$1,808,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,596
Avg. Annual Appreciation
2.95%

Purchase Details

Closed on
Sep 18, 2008
Sold by
Watson Clarence L
Bought by
Watson Brothers Properties Llc

Purchase Details

Closed on
Jun 10, 2005
Sold by
Watson Clarence L
Bought by
Watson Clarence L and Watson Clifford K

Purchase Details

Closed on
Jan 13, 1998
Sold by
Akamine George K
Bought by
Watson Clarence L and Watson Clifford K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 30, 1993
Sold by
Akamine George K
Bought by
Akamine George K and Akamine Mitzi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,765,000 Ticor Title Company Of Califor
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Grant Deed $400,000 North American Title Co
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Seller Take Back
Previous Owner $67,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $1,765,000 -19.6% $422 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
12/06/2023 12/06/23 For Sale $2,195,000 -- $524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,004 $1,765,000 $1,600,000 $165,000
2024 $8,004 $626,161 $234,807 $391,354
2023 $7,875 $613,884 $230,203 $383,681
2022 $7,780 $601,848 $225,690 $376,158
2021 $7,754 $590,048 $221,265 $368,783
2019 $7,616 $572,549 $214,703 $357,846
2018 $7,385 $561,324 $210,494 $350,830
2016 $7,129 $539,528 $202,321 $337,207
2015 $7,009 $531,424 $199,282 $332,142
2014 $6,947 $521,015 $195,379 $325,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23221549

California Regional Multiple Listing Service (CRMLS)

APN: 7502-015-036